American Recovery and Reinvestment Act of 2009 H.R. 1, the “American Recovery and Reinvestment Act of 2009,” passed the House on February 13, 2009, by a vote of 246 – 184. The Senate also passed the bill later that day. The President is expected to sign the bill soon. The bill is a $780 billion […]
First-Time Buyers Tax Credit Advance Loan Program
MHDC Rolls Out Innovative New Program For First-Time Homebuyers Starting January 2009, Missouri Housing Development Commission (MHDC) will have a new product to enable first-time homebuyers to take advantage of the $7,500 federal first-time homebuyer tax credit. This program is the first of its kind in the nation. The federal first-time homebuyer tax credit was […]
Latest Economic and Housing Forecast from National Association of REALTORS
Pending Home Sales Holding In Stable Range WASHINGTON, December 09, 2008 Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the National Association of Realtors®. The Pending Home Sales Index,¹ a forward-looking indicator based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwardly […]
Wine and Cheese Open House Tour Nov. 6th and 9th Benton Park
Open House Wine and Cheese Party Please join us for wine and cheese while viewing these two beautiful homes Thursday November 6th between 4 and 7 p.m. and Sunday November 9th between 1 and 3 p.m. at newly renovated 2901 Wisconsin Ave. and newly constructed 2909 Wisconsin Ave. located in Benton Park. 2901 Wisconsin Ave. offered […]
St. Louis Ranks number 3 in the Best Cities To Buy a Home
According to Forbes Magazine financially St Louis ranked number 3 of the 40 largest metropolitan areas based on appreciation, rental levels and vacancy rates. Here are the top ten. 1. Houston 2. Austin, Texas 3. St. Louis 4. Philadelphia 5. San Antonio, Texas 6. Dallas 7. Charlotte, N.C. 8. San Francisco 9. Jacksonville, Fla. 10. Atlanta Forbes magazine Maurna Desmond article
Buying Power for First-Time Homebuyers
If you are in the market or considering a purchasing your first home you should consider the economic factors and market conditions. Forecasters are telling us that mortgage rates will continue to fall slightly before stabilizing. We hear regularly that the housing market is at or near the bottom and a turn around is likely […]
Remodeling Projects Go Green
The American Society of Interior Designers Foundation and the U.S. Green Building Council launched the nation’s first green residential remodeling guidelines. The REGREEN Guidelines provide resources and tools to make home remodeling projects more environmentally friendly and energy efficient. The guidelines are organized into the 10 most common remodeling projects. “Consumers overwhelmingly want greener homes, […]
NAR Economist Among Top Forecasters
THE NATIONAL ASSOCIATION OF REALTORS’® Chief Economist Lawrence Yun has been named among the top 10 economic forecasters by USA Today. Yun is ranked fifth on the list and is responsible for NAR’s real estate statistics and economic forecasting. The annual list recognizes accuracy in forecasting. “NAR is proud of USA Today’s recognition of Lawrence […]
Fed Slashes Rates
Daily Real Estate News | March 17, 2008 In an effort to boost market liquidity, the Federal Reserve lowered the discount rate to 3.25 percent from 3.5 percent and launched a new lending program through which money will be moved from securities dealers to the securitization markets. The effort — the latest attempt to stabilize […]
Tap Today’s Housing Opportunity
Daily Real Estate News | March 13, 2008 Falling home prices spell opportunity for buyers, even if they already own a home and don’t want to be a landlord. Here are three smart ways to invest in today’s housing market. Trade up. Now’s the time to buy a larger home in a better neighborhood at […]